Absolutely, it's something I look for on every device. It is rare to find except on the most tweakable of devices.

But even when I had a television set with an adjustable Y/C delay, it was only settable uniformly across all inputs. Whereas my playback devices were all different in the amount and type of delay. So with that TV set I had to do an interesting dance where I compensated for one device with the TV settings, and then compensated for another device with the coax coils.